Valeo Financial Advisors LLC Takes $241,000 Position in Dutch Bros Inc. (NYSE:BROS)

Valeo Financial Advisors LLC bought a new position in shares of Dutch Bros Inc. (NYSE:BROS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,607 shares of the company’s stock, valued at approximately $241,000.

A number of other large investors have also bought and sold shares of the business. Hollencrest Capital Management increased its stake in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Dutch Bros by 33.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,852 shares of the company’s stock worth $99,000 after purchasing an additional 467 shares in the last quarter. R Squared Ltd bought a new stake in Dutch Bros during the 4th quarter worth approximately $25,000. Keudell Morrison Wealth Management boosted its position in Dutch Bros by 4.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after acquiring an additional 490 shares during the last quarter. Finally, Cannon Global Investment Management LLC boosted its position in Dutch Bros by 7.7% during the 3rd quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock worth $224,000 after acquiring an additional 500 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BROS has been the subject of a number of recent research reports. TD Securities upped their price target on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Bank of America upped their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Piper Sandler upped their price target on Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $74.83.

Dutch Bros Trading Up 4.1 %

Shares of Dutch Bros stock opened at $85.34 on Wednesday. The business has a fifty day simple moving average of $59.46 and a two-hundred day simple moving average of $45.23. Dutch Bros Inc. has a 1 year low of $26.38 and a 1 year high of $86.88. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 294.30, a P/E/G ratio of 3.88 and a beta of 2.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.